Avantra Family Wealth Inc. Acquires 503 Shares of SS&C Technologies Holdings, Inc. $SSNC

Avantra Family Wealth Inc. raised its holdings in SS&C Technologies Holdings, Inc. (NASDAQ:SSNC) by 3.4% during the second quarter, Holdings Channel.com reports. The institutional investor owned 15,389 shares of the technology company’s stock after buying an additional 503 shares during the quarter. SS&C Technologies accounts for about 1.1% of Avantra Family Wealth Inc.’s investment portfolio, making the stock its 21st largest holding. Avantra Family Wealth Inc.’s holdings in SS&C Technologies were worth $1,274,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its stake in shares of SS&C Technologies by 0.9% in the 1st quarter. Vanguard Group Inc. now owns 20,401,466 shares of the technology company’s stock valued at $1,704,134,000 after purchasing an additional 186,440 shares during the period. Burgundy Asset Management Ltd. lifted its stake in shares of SS&C Technologies by 3.6% in the 1st quarter. Burgundy Asset Management Ltd. now owns 5,186,307 shares of the technology company’s stock valued at $433,212,000 after purchasing an additional 182,200 shares during the period. Swedbank AB lifted its stake in shares of SS&C Technologies by 72.0% in the 2nd quarter. Swedbank AB now owns 3,419,654 shares of the technology company’s stock valued at $283,147,000 after purchasing an additional 1,431,620 shares during the period. AQR Capital Management LLC lifted its stake in shares of SS&C Technologies by 28.7% in the 1st quarter. AQR Capital Management LLC now owns 2,921,882 shares of the technology company’s stock valued at $238,338,000 after purchasing an additional 651,650 shares during the period. Finally, Robeco Institutional Asset Management B.V. lifted its stake in shares of SS&C Technologies by 87.6% in the 2nd quarter. Robeco Institutional Asset Management B.V. now owns 1,787,419 shares of the technology company’s stock valued at $147,998,000 after purchasing an additional 834,393 shares during the period. Hedge funds and other institutional investors own 96.90% of the company’s stock.

SS&C Technologies Price Performance

SSNC opened at $87.32 on Tuesday. The stock has a 50-day moving average price of $87.83 and a 200-day moving average price of $82.66. The company has a debt-to-equity ratio of 0.97, a current ratio of 1.14 and a quick ratio of 1.14. The firm has a market cap of $21.33 billion, a PE ratio of 27.37 and a beta of 1.23. SS&C Technologies Holdings, Inc. has a 1 year low of $66.83 and a 1 year high of $91.07.

SS&C Technologies (NASDAQ:SSNC) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.39 by $0.06. SS&C Technologies had a return on equity of 18.92% and a net margin of 13.34%.The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.52 billion. During the same quarter in the previous year, the firm earned $1.27 EPS. SS&C Technologies’s quarterly revenue was up 5.9% compared to the same quarter last year. SS&C Technologies has set its FY 2025 guidance at 5.820-6.060 EPS. Q3 2025 guidance at 1.440-1.500 EPS. Sell-side analysts predict that SS&C Technologies Holdings, Inc. will post 5.35 earnings per share for the current fiscal year.

SS&C Technologies Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, September 15th. Stockholders of record on Tuesday, September 2nd were paid a $1.08 dividend. This is an increase from SS&C Technologies’s previous quarterly dividend of $0.25. This represents a $4.32 annualized dividend and a dividend yield of 4.9%. The ex-dividend date was Tuesday, September 2nd. SS&C Technologies’s dividend payout ratio (DPR) is presently 33.86%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on SSNC shares. Needham & Company LLC raised their target price on SS&C Technologies from $90.00 to $100.00 and gave the company a “buy” rating in a research note on Thursday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of SS&C Technologies in a research note on Saturday, September 27th. Wall Street Zen cut SS&C Technologies from a “buy” rating to a “hold” rating in a research note on Saturday. Raymond James Financial boosted their target price on SS&C Technologies from $90.00 to $95.00 and gave the stock a “strong-buy” rating in a report on Thursday, July 24th. Finally, UBS Group increased their target price on SS&C Technologies from $108.00 to $110.00 and gave the stock a “buy” rating in a research note on Friday, August 22nd. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $97.38.

SS&C Technologies Profile

SS&C Technologies Holdings, Inc engages in the development and provision of software solutions to the financial services and healthcare industries. It operates through the following geographical segments: United States, Europe, Middle East and Africa, Asia Pacific and Japan, Canada, and the Americas, excluding the United States and Canada.